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CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies - Business (5) - Nairaland

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Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by KingOfAmebo(m): 3:55pm On Aug 31, 2021
NetValueFX:

CBN are fools if they believe crypto enthusiasts will embrace their so called rubbish e-naira.

Dozis

"Just the same you ignored bitcoins at the early stage in the past and now wish you bought some bitcoins back then which would have made you a millionaire today...abi?

Foresight and risk taking is what separates the rich from the poor...now you know if you will be rich in life or remain poor considering your mindset". - Village People spokesperson.

1 Like

Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by Dozis: 4:04pm On Aug 31, 2021
KingOfAmebo:


Dozis

"Just the same you ignored bitcoins at the early stage in the past and now wish you bought some bitcoins back then which would have made you a millionaire today...abi?

Foresight and risk taking is what separates the rich from the poor...now you know if you will be rich in life or remain poor considering your mindset". - Village People spokesperson.
And who told you I ignored Bitcoins??
Fallacy of assumptions
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by Nobody: 4:21pm On Aug 31, 2021
KingOfAmebo:


Dozis

"Just the same you ignored bitcoins at the early stage in the past and now wish you bought some bitcoins back then which would have made you a millionaire today...abi?

Foresight and risk taking is what separates the rich from the poor...now you know if you will be rich in life or remain poor considering your mindset". - Village People spokesperson.

Shift abeg... You want to compare bitcoin with e-naira? Does it sound to you like a crypto currency?
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by KingOKON: 4:29pm On Aug 31, 2021
omoadeleye:
I do not blame CBN too, you know how Nigerian companies do fvck up, and e-naira is a big project bigger than one ordinary fintech company.

We don't want any issues where unnecessary downtime problem will just be surfacing while trying to transact the e-naira.

You can even think about the problems someone always face when trying to pay through remita, so all these bvllshits can be frustrating.

So let CBN give the project to the best handler biko.

Nigerian fintech company should buckle up too.
.

So how do make them grow?
Plz there is no excuse of whatever you leaders don't have trust in you and you are dancing with them
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by EricBraven: 4:53pm On Aug 31, 2021
Beedude:
Okay.
I dont see anything wrong in what CBN has done if truly the tech given has run such program in another country and was a success.
This is a major project that any wrong decision can hamper.
If this foreign company cant live up to expectation, then CBN will have a lot explanation to give.

So many people forgot how pos, atm and other transaction errors takes more than a month to get rectified for our fintechs but want CBN to trust them.
Ordinary electricity, our companies cant distribute. Now we run to Seimens, a German company to help.
Julius Berger, Arab contractors and CCECC are still the ones doing most of our major roads. Give a Nigeria company the project and regret later.
You are wrong,don't go about generalizing
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by Beedude(m): 5:08pm On Aug 31, 2021
EricBraven:

You are wrong,don't go about generalizing
Ok. This is something none of our firm has handled before. Considering the population & complexity of Nigeria terrain, will u prefer to give it out to our fintech for trail and error ?
If anything goes wrong u still will come out to blame CBN .
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by omoadeleye(m): 5:21pm On Aug 31, 2021
KingOKON:
.

So how do make them grow?
Plz there is no excuse of whatever you leaders don't have trust in you and you are dancing with them


GLO network is an indigenous company and they are big and yet still their services are always fvck up.
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by Gfskw: 5:42pm On Aug 31, 2021
For what
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by bigtt76(f): 5:49pm On Aug 31, 2021
Exactly have the local Fintechs proved their ability to handle the eNaira project? This is blockchain based... Is any of them doing that currently?


Beedude:
Okay.
I dont see anything wrong in what CBN has done if truly the tech given has run such program in another country and was a success.
This is a major project that any wrong decision can hamper.
If this foreign company cant live up to expectation, then CBN will have a lot explanation to give.

So many people forgot how pos, atm and other transaction errors takes more than a month to get rectified for our fintechs but want CBN to trust them.
Ordinary electricity, our companies cant distribute. Now we run to Seimens, a German company to help.
Julius Berger, Arab contractors and CCECC are still the ones doing most of our major roads. Give a Nigeria company the project and regret later.
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by njelrapheal: 5:49pm On Aug 31, 2021
omoadeleye:
I do not blame CBN too, you know how Nigerian companies do fvck up, and e-naira is a big project bigger than one ordinary fintech company.

We don't want any issues where unnecessary downtime problem will just be surfacing while trying to transact the e-naira.

You can even think about the problems someone always face when trying to pay through remita, so all these bvllshits can be frustrating.

So let CBN give the project to the best handler biko.

Nigerian fintech company should buckle up too.
remitta na platform. That wan de like push and start
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by KingOKON: 6:27pm On Aug 31, 2021
omoadeleye:



GLO network is an indigenous company and they are big and yet still their services are always fvck up.


So MTN service wey de Bleep up any how na Nigerian company
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by omoadeleye(m): 6:42pm On Aug 31, 2021
KingOKON:


So MTN service wey de Bleep up any how na Nigerian company


They reside in Nigeria.
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by KingOKON: 6:58pm On Aug 31, 2021
omoadeleye:



They reside in Nigeria.


Does it make it Nigerian owned, if Julius Berger do behave like MTN many souls would have gone to d other side
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by omoadeleye(m): 7:17pm On Aug 31, 2021
KingOKON:


Does it make it Nigerian owned, if Julius Berger do behave like MTN many souls would have gone to d other side



What i know is that anything relating to Nigeria always have K-legs, that's so bad.
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by KingOKON: 7:34pm On Aug 31, 2021
omoadeleye:




What i know is that anything relating to Nigeria always have K-legs, that's so bad.
.

Ogbeni don't use Government things to rubbish ordinary private hard working Nigerians
CBN lemme tell you useless pass Zenith bank 100 times, Nigerians
Do you know the deal CBN governor and his boys go de make for this deal, they ask to grow Nigeria yet they will never put trust on an average Nigerian
You think I won't support foreigners to take over our Government and politics, is government that developed our Music and Film industries, what have they done for any fintech company rather foreign companies are investing in them

I will always support any private Nigeria companies than any other, you think it is easy to run a company in Nigeria than in Ghana, South Africa or USA.
A Nigerian will run any company in the world than a foreigner running a company in Nigeria

1 Like

Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by markwealth: 10:52pm On Aug 31, 2021
thebosstrevor1:


You just typed some misinformation down.

Bitt.inc creates payment systems for central banks all over the world.


Nigerian fintechs like the one you mentioned, do not create payment systems, they process payment.

Flutterwaves, paystack, opay and piggy vest have a different business model from bitt

Next time do your research before ranting

THANK YOU FOR YOUR EXPLANATION.
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by normaljenny(m): 7:20am On Sep 01, 2021
Flutterwave, Paystack, PiggyVest, Paga, Interswitch, E-tranzact, Carbon Paylater, Remita (SystemSpecs), and VoguePay.

Check all the above listed fintech companies and you will notice that none is owned by a northerner. So remember that Ahmed bello said that if they don’t find a northerner they will employ an expertriate to do the work. If it were garba Adamu that owns a fintech, the case will be different. Do not be surprised that the consultancy firm that brought in bitt inc. will be a northerner
.
That is their game

1 Like

Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by EricBraven: 1:59pm On Sep 01, 2021
Beedude:

Ok. This is something none of our firm has handled before. Considering the population & complexity of Nigeria terrain, will u prefer to give it out to our fintech for trail and error ?
If anything goes wrong u still will come out to blame CBN .
I am not for and against the fintech but what your said about Nigeria companies are not entirely true
Re: CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies by GreaterFuture(m): 12:28pm On Sep 02, 2021
PotatoSalad:
Easier for budget embezzlement. Easier to tie loose ends instead of involving Nigerian fintec
Hmnnnn....

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